Just how low can bond yields go? In my opinion, rates will stay low for some time yet. Government bond yields will continue to tread water, while corporate bond yields will go even lower.
Commodity bull markets last about 16 years with a rise of 200% peak to trough. We're now 13 years in.
As a result of low yields, benign inflation, and an overvalued Canadian dollar, current conditions involving a slow growth world are conducive to more defensive risk-reward opportunities.
Ever since the global financial crisis, Canada’s policy makers have been priming consumers for high interest rates and tighter mortgage regulations. Although we’ve avoided a disorderly unwinding of our overvalued housing market thus far, the risk still remains to our banking system and personal balance sheets alike. So what do these changes mean for Canadian […]